Welcome to our dedicated page for EMERGENT METALS news (Ticker: EGMCF), a resource for investors and traders seeking the latest updates and insights on EMERGENT METALS stock.
EMERGENT METALS CORP (symbol: EGMCF) is a gold and base metal exploration company with a focus on Nevada and Quebec. The company's strategy involves acquiring quality assets, adding value through exploration, and monetizing them through various transactions to benefit shareholders. They have successfully divested properties like the Troilus North and East-West properties. In Nevada, their Golden Arrow Property boasts a well-defined measured and indicated resource, with plans for a major drilling program. New York Canyon is another key property with copper skarn and porphyry mineralization. The Mindora Property is under option to Lahontan Gold Corp. In Quebec, EMERGENT's Casa South Property is strategically located near Hecla Mining Corporation's Casa Berardi Mine, with exciting exploration targets. The company also has royalties in other properties in Quebec, showing a diverse and promising portfolio. For more information, visit their website or review their filings on SEDAR.
Emergent Metals Corp. has announced promising results from its Phase 1 drill program at the Trecesson Property in Quebec. The program, which included 17 drill holes totaling 2,349 meters, targeted the Cossette North and South vein systems. The standout result was an intercept of 19.96 g/t Au and 5.13 g/t Ag over 1.1 meters in drill hole TR-23-03, with visible gold noted at 59.72 meters depth. Other significant intercepts included 3.45 g/t Au over 0.4 meters in TR-23-04 and 2.94 g/t Au over 1.0 meter in TR-23-07. CEO David Watkinson emphasized the potential for high-grade gold mineralization and outlined plans for further geological modeling and a Phase 2 drilling program.
Emergent Metals Corp. has announced the commencement of drilling activities by Kennecott Exploration Company, a subsidiary of Rio Tinto Group, at the New York Canyon Property in Nevada. The Earn-In with Option to Joint Venture Agreement allows KEX to earn up to a 75% interest by spending up to US$22.5 million on exploration. The property, covering approximately 6,350 ha, has multiple copper exploration targets, including previously identified areas with significant copper grades. The 2023 exploration program includes drilling at both the North and South Blocks to further evaluate these targets.
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